₦airaland Forum

Some people want buhari to fail completely and become the most clueless president to come out of this country.

don4real:
Sound great

Very great! Nigeria will get there. It's well.

eliteweb:
Need di Miracle fast fast.

Also d Dollar thing, Naira to equal Dollar

hahahahaha.
also they feeding of school children, payment of 25k to all unemployed graduates,amongst others

Waiting

Probably, West missed the memo, the elections and hitherto open season of tell-tale campaign promises are over. If anything, it's high time these career megaphones and lickspittles, began to tone down their messianic investments, with these ill-thought unctuous utterances. It would do the incoming administration a favour, when the reality and challenges of governance, begins to stare at everyone in the face.

AKPOSbaba:
FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”
In a telephone interview with Vanguard, the former minister argued that Nigeria produces millions of barrels of crude oil daily, and if properly harnessed will boost the performance of the industry.

His words: “I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work.
The major assignment of the president-elect when he is eventually inaugurated is to restore confidence to the industry.
He noted that the president-elect is familiar with the petroleum industry, adding that he is a straight forward person that has respect for democratic principles.
“As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses. No responsible government will allow the masses to suffer.

SOURCE..http://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Let me bookmark this for future reference.

Surely the mumu followers of DoroDullard Buhari will excuse his FAILURE when he does not deliver his N40 petrol.

We dey wait oh

barcanista:
oga you don't just wake up to cut down or increase the pump price of pms. This has to do with increasing or decreasing the % of government for the subsidy(as the case may be). In the petroleum sector, we have the problem of cabals that import the product and charges the government. These cabals work in tandem with civil servants and other public servants that are in their payroll to ensure that they get their way. If government is to cut the pump price, it means it has to increase %earnings of the cabals to make up for the citizens. Now considering the fall in global oil price and how it affected our revenue, and the effect it will have on our relative scarce resources, do you think increament in the subsidy is feasible?

The only solution is total removal BUT you have to put paliatives in place to reduce the resultant pains(whicj will be temporary) and then build refineries to be run by private firms or jointly wt government(considering how we poorly manage our own). The problem here is that the same cabals will do all within their powers to sabotage the effort to build refineries. Also, the public income may not be able to service it, the option left will be loan-which comes with its resultant effect. What happens "if" the money is mismanaged or diverted?

Importantly, how feasible will this be considering the numerous "unrealistic" social programs/proposals of the Buhari incoming administration?

This is very possible and achievable. I read the initial post I saw nowhere in which Tam David-West said it will be done immediately. It will take some time but definitely doable.

Pump prices remain high despite subsidy trippling under GEJ because of corruption. If we imported oil at the rate of say $120 and were paying over 1 trillion as subsidy, why should we not see a sharp decrease in pump prices when the same fuel is being imported at less than $60?

It is either the amount been paid for subsidy is greatly reduced and pump prices are maintained while the balance is used to fix the refineries or subsidy is maintained and pump prices are reduced.

Also, the amount of oil being stolen per day, can be reduce by a government who is sincere and the attendant effect can only pass onto us the citizenry.

vanunu:
Some people want buhari to fail completely and become the most clueless president to come out of this country.

and he will be

vanunu:
Some people want buhari to fail completely and become the most clueless president to come out of this country.

That is what he WAS.

That is what he IS.

That is what he WILL always be.

Mega clueless loading........

AKPD Media packaging unravelling......

That would be fantastic! I can't wait for May 29th, there's so much hope in the air. Nigerians are expecting so much from the in-coming Government and I pray we are not disappointed.

Buhari, please start with power like God did when creating the world; let there be light!

anonimi:
Let me bookmark this for future reference.

Surely the mumu followers of DoroDullard Buhari will excuse his FAILURE when he does not deliver his N40 petrol.

We dey wait oh

this is from david west and not Buhari...ok?

nigerianvenom:
u know its impossible.
where will they get the money to act such magic?

walahi bros, the possibility is slim and even at that it will be on loong term basis and not short term quick fix.

barcanista:
oga you don't just wake up to cut down or increase the pump price of pms. This has to do with increasing or decreasing the % of government for the subsidy(as the case may be). In the petroleum sector, we have the problem of cabals that import the product and charges the government. These cabals work in tandem with civil servants and other public servants that are in their payroll to ensure that they get their way. If government is to cut the pump price, it means it has to increase %earnings of the cabals to make up for the citizens. Now considering the fall in global oil price and how it affected our revenue, and the effect it will have on our relative scarce resources, do you think increament in the subsidy is feasible?
The only solution is total removal BUT you have to put paliatives in place to reduce the resultant pains(whicj will be temporary) and then build refineries to be run by private firms or jointly wt government(considering how we poorly manage our own). The problem here is that the same cabals will do all within their powers to sabotage the effort to build refineries. Also, the public income may not be able to service it, the option left will be loan-which comes with its resultant effect. What happens "if" the money is mismanaged or diverted?
Importantly, how feasible will this be considering the numerous "unrealistic" social programs/proposals of the Buhari incoming administration?

arsetalks:
This is very possible and achievable. I read the initial post I saw nowhere in which Tam David-West said it will be done immediately. It will take some time but definitely doable.

Making excuses for the FAILURE already?

So if not immediately, how long will it take?

In the absence of a PRECISE timeframe, we can safely and reasonably assume it will be immediate i.e. June 01, 2015!

midolian:
this is from david west and not Buhari...ok?

You must be kidding right

Please show me where Buhari has denied ANYTHING David West said to favour and curry votes for him. Otherwise......

Is he planning to subsidize fuel, or increase the subsidy payment by FG. I told u.. Tkin us bck 20yrs

Let it remain N40 for at least a year o

anonimi:
You must be kidding right

Please show me where Buhari has denied ANYTHING David West said to favour and curry votes for him. Otherwise......

Calm down..if u must criticize buhari, it must be based on the words of his mouth..its unwise to judge him by what others say he ld do

anonimi:
Making excuses for the FAILURE already?

So if not immediately, how long will it take?

In the absence of a PRECISE timeframe, we can safely and reasonably assume it will be immediate i.e. June 01, 2015!

I don't know how long it will take but definitely not going to be NO REFINERY in 6 years like your lord.

nigerianvenom:
u know its impossible.
where will they get the money to act such magic?

It is very possible with sincerity to fight the subsidy scam. Gej and pdp have been shouting cabal in the oil subsidy, are these people invisible? Or how come nor of them have been brought to book?

Remove or reduce the scam in that industry and you would see how possible N40 per litre is.

arsetalks:
This is very possible and achievable. I read the initial post I saw nowhere in which Tam David-West said it will be done immediately. It will take some time but definitely doable.

Pump prices remain high despite subsidy trippling under GEJ because of corruption. If we imported oil at the rate of say $120 and were paying over 1 trillion as subsidy, why should we not see a sharp decrease in pump prices when the same fuel is being imported at less than $60?

It is either the amount been paid for subsidy is greatly reduced and pump prices are maintained while the balance is used to fix the refineries or subsidy is maintained and pump prices are reduced.

Also, the amount of oil being stolen per day, can be reduce by a government who is sincere and the attendant effect can only pass onto us the citizenry.

I Read your second to last paragraph and laughed.

See, it is like you don't understand the politics of oil subsidy and people involved. (Please get the list of importers of pms and know who they are).

This is how it works. They import pmss and present invoice to the government for payment. The government may want to "verify" by appointing an Agency to vet them. The Agency is made of appointed public officers and career civil servants. Most of these people are puppet of the importers aka "cabals". They give these importers clean bill of health and present their case to the government. The government will be left with no choice but to honor their invoice. Now, if the government refuses to pay, the cabals will deliberately refuse to release the product to local marketers and depots. There arise "fuel scarcity" and hike in pump price. People will protest. Nupeng/penganssan will strike, the civil society will protest, the NASS will pass resolution compelling the government to comply..lol, the government will be taught bitter lesson by the time they are made to appear unpopular. You can't "cut" their pay by executive fiat, the repersursion is worse.

Mind you, there are also cabinet members, powerful party officials and even foreigners that are making huge fortune via this subsidy.

barcanista:
walahi bros, the possibility is slim and even at that it will be on loong term basis and not short term quick fix.

Did anyone say it will be done within 2 days of GMB's presidency? You sha want to make a point out of none.

What I know is, it is possible, may not be within 1 year but will not be in more than 6 years like a certain "lord" you worship.

barcanista:
I Read your second to last paragraph and laughed.

See, it is like you don't understand the politics of oil subsidy and people involved. (Please get the list of importers of pms and know who they are).

This is how it works. They import pmss and present invoice to the government for payment. The government may want to "verify" by appointing an Agency to vet them. The Agency is made of appointed public officers and career civil servants. Most of these people are puppet of the importers aka "cabals". They give these importers clean bill of health and present their case to the government. The government will be left with no choice but to honor their invoice. Now, if the government refuses to pay, the cabals will deliberately refuse to release the product to local marketers and depots. There arise "fuel scarcity" and hike in pump price. People will protest. Nupeng/penganssan will strike, the civil society will protest, the NASS will pass resolution compelling the government to comply..lol, the government will be taught bitter lesson by the time they are made to appear unpopular. You can't "cut" their pay by executive fiat, the repersursion is worse.

Mind you, there are also cabinet members, powerful party officials and even foreigners that are making huge fortune via this subsidy.

You are very funny to be honest. So you are saying government is to continue to pay over a trillion naira for oil subsidy when the price of oil has more than halved in the world market?

Even the so called cabals are realistic. When oil prices in the world market was over $150, we were paying over a trillion to import same, now that it is less than $60, we will continue to pay same without a decrease in pump prices? Are you kidding me?

oya na, lets go there

Highly impossible. The government will collapse. Except if we are producing refined petroleum products. If we're still importing? hell no

arsetalks:
You are very funny to be honest. So you are saying government is to continue to pay over a trillion naira for oil subsidy when the price of oil has more than halved in the world market?

Even the so called cabals are realistic. When oil prices in the world market was over $150, we were paying over a trillion to import same, now that it is less than $60, we will continue to pay same without a decrease in pump prices? Are you kidding me?

When was the oil price over $150/barrel? Where are you getting your figures? Oil price/barrel was averaged $100 before the fall mid last year during GEJ administration. One reason GEJ failed in that sector was because he was a product of the "cabals". Members of the cabals and their puppets equally filled his government and sensitive positions. Also they were firm in the NASS and the Civil Service. "Removal" of the subsidy which he agreed with all Governors to do was seen as an affront to them and was also ill-timed. Mind you he has naturally lost every moral and political will to pursue such program plus he did it ill-timed. You saw the resultant protests that almost led to the fall of his government(as at then), and contributed to his loss in popularity. The cabals knew that a second term for GEJ(who decided to do "on his own" by feeding the fingers that fed him) will not favor their enterprise, hence, they moved against him.

Now, looking at the buhari scenaro and seeing same people sponsoring his regime in addition to political businessmen that has been in opposition, your guess is as good as mine. You may disagree but time will tell!

The only way out is to get a government that is sponsored and supported by the masses and not cabal sponsored government. Otherwise, we will continue to be at the mercies of these people. It is not about the personality of a leader, it is about the character and "interests" of his associates.

I think this should do on this subject!

We don't want N40; 'cos there will be no money to run Government business. We want the price controlled @ N100: and the measurement properly regulated and standardised.

anonimi:
You must be kidding right

Please show me where Buhari has denied ANYTHING David West said to favour and curry votes for him. Otherwise......

it is called selective endorsement

David-West has just exposed his cluelessness. Has he keyed in the role of the oil marketers in this fuel price reductions? How about the subsidy? And does he think the refineries can be fixed so easily? How about the militants that will destroy oil installations?

The guy is obviously doing drugs. Now I know who deceived Buhari into thinking he will stabilise international oil price

I keep my comment. Within the first two weeks after his swearing I shall return to numerate the strength of his govt

barcanista:
it is called selective endorsement

Nor mind all these agbero supporters of APC.

Dem never sabi sey dem enter one chance and we will be noting, highlighting and criticising their performance (or rather lack of) every inch of the way to 2019. The journey started already!
Cheers!